fiat money
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English[edit]
Noun[edit]
fiat money (countable and uncountable, plural fiat moneys or fiat monies)
- (banking, economics) A type of currency that is not backed by a precious metal, such as gold or silver, and is typically designated by the issuing government to be legal tender, and authorized by government regulation.
- Synonym: fiat currency
Translations[edit]
money that is given a legal value
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